Grindrod Limited, together with its subsidiaries, engages in the logistics and financial services business in North America, Bermuda, South America, the Middle East, the United Kingdom, Isle of Man, rest of Europe, Singapore, Asia, the Far East, Australia, South Africa, and Rest of Africa. The company operates through Ports and Terminals, Logistics, Bank, Private Equity and Property, and Marine Fuels and Agricultural Logistics segments. It engages in the bulk terminal activities include receiving, stockpiling, and loading of cargo onto vessels for onward transportation; container handling, transport, warehousing, loading, and offloading; selling and leasing containers; and logistics solutions for the transportation of cargo through road, rail, and sea. The company also provides clearing and forwarding of imports and exports, transportation of goods, and ship husbandry services; and various ancillary services, including training, bay stevedoring, and rentals. In addition, it involves managing and handling port activities; freight services, such as handling and storage of containers, clearing and forwarding to road, rail, and seaborne freight; ships agency; and marine fuels, lubricants, bunkers, and agricultural commodities. Further, the company invests in private and property equity portfolios; and engages in the private equity investment business. Additionally, it offers financial services comprising cash deposit management services; overdrafts, term loans and invoice discounting facilities, and mezzanine finance; retail banking products and services; and property lending services. Grindrod Limited was founded in 1910 and is based in Durban, South Africa.
Grindrod Dividend Announcement
• Grindrod announced a semi annually dividend of R23.00 per ordinary share which will be made payable on 2024-09-23. Ex dividend date: 2024-09-18
• Grindrod annual dividend for 2024 was R61.00
• Grindrod annual dividend for 2023 was R56.60
• Grindrod's trailing twelve-month (TTM) dividend yield is 4.54%
• Grindrod's payout ratio for the trailing twelve months (TTM) is 47.67%
Grindrod Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-18 | R23.00 | semi annually | 2024-09-23 |
| 2024-04-03 | R38.00 | semi annually | |
| 2023-09-20 | R34.40 | semi annually | 2023-09-26 |
| 2023-03-22 | R22.20 | semi annually | 2023-03-27 |
| 2022-12-13 | R55.90 | semi annually | 2022-12-19 |
| 2022-09-21 | R17.20 | semi annually | 2022-09-26 |
| 2022-03-23 | R20.10 | semi annually | 2022-03-28 |
| 2020-03-25 | R14.20 | semi annually | 2020-03-30 |
| 2019-09-11 | R5.00 | semi annually | 2019-09-16 |
| 2019-03-27 | R14.60 | semi annually | 2019-04-01 |
| 2016-03-17 | R6.00 | semi annually | |
| 2015-09-14 | R13.60 | semi annually | |
| 2015-03-16 | R20.00 | semi annually | |
| 2014-09-15 | R13.60 | semi annually | |
| 2014-03-14 | R17.10 | semi annually | |
| 2013-09-20 | R20.00 | semi annually | |
| 2013-03-15 | R15.40 | semi annually | |
| 2012-09-10 | R17.50 | semi annually | |
| 2012-03-26 | R12.00 | semi annually | |
| 2011-09-05 | R17.49 | semi annually | |
| 2011-03-14 | R26.98 | semi annually | |
| 2010-09-06 | R26.98 | semi annually | |
| 2010-03-08 | R29.98 | semi annually |
Grindrod Dividend per year
Grindrod Dividend growth
Grindrod Dividend Yield
Grindrod current trailing twelve-month (TTM) dividend yield is 4.54%. Interested in purchasing Grindrod stock? Use our calculator to estimate your expected dividend yield:
Grindrod Financial Ratios
P/E ratio7.03
PEG ratio24.61
P/B ratio0.97
ROE13.80%
Payout ratio47.67%
Current ratio1.93
Quick ratio1.90
Cash Ratio0.98
Grindrod Dividend FAQ
How much is the next Grindrod dividend?
Grindrod's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Grindrod dividend. The next Grindrod dividend will be released in March, or September.
When is Grindrod dividend paid?
Grindrod pays dividends on a semi annually basis. The specific dates may vary each year but are generally around March, and September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Grindrod pay?
The specific amount of Grindrod dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Grindrod's dividend history.
Does Grindrod stock pay dividends?
Yes, Grindrod does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Grindrod's dividend history.
How much dividend does Grindrod pay?
Grindrod paid R61.0 in 2024, R56.6 in 2023, R93.2 in 2022, R0.0 in 2021, and R14.2 in 2020.
How often does Grindrod pay dividends?
Grindrod typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around March, and September.
What is Grindrod's dividend yield?
The current dividend yield for Grindrod is 4.54%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Grindrod's exact dividend yield.
When does Grindrod go ex dividend?
Grindrod's ex-dividend date for the latest dividend was on 2024-09-18. Grindrod typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Grindrod dividend paid?
Grindrod pays dividends on a semi annually basis, typically around March, or September, but the exact dates can vary each year.
Will Grindrod increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Grindrod will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Grindrod dividend per share?
Grindrod paid R61.0 per share in 2024 and R56.6 per share in 2023. The amount of dividend per share that Grindrod pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Grindrod a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Grindrod a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Grindrod a dividend stock?
Yes, Grindrod is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Grindrod a good dividend stock?
Whether Grindrod is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Grindrod has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Grindrod as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Grindrod as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Grindrod pay dividends monthly?
Grindrod typically pays dividends on a semi annually basis.
Does Grindrod pay dividends quarterly?
Grindrod currently pays dividends on a semi annually basis.
Has Grindrod ever paid a dividend?
Yes, Grindrod has a history of paying dividends to its shareholders. Grindrod is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Grindrod dividend stocks?
To buy Grindrod you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Grindrod stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Grindrod stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Grindrod pay dividends 2024?
Grindrod pays dividends on a semi annually basis. 2024 dividend payments are in 2024-09-23. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Grindrod increase its dividend in 2024?
Decisions regarding Grindrod dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Grindrod dividend overview you can look into the above table of dividend history.
How Grindrod dividend works?
The Grindrod dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Grindrod's dividend process works:
1. Determination of Dividend: Grindrod's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Grindrod publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Grindrod distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Grindrod are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Grindrod's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Grindrod publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Grindrod distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Grindrod are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Grindrod dividends paid?
Grindrod dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Grindrod sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Grindrod distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Grindrod declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Grindrod sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Grindrod distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Grindrod declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Grindrod pay dividends?
Grindrod typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Grindrod pay dividends?
The general pattern is that Grindrod pays dividends around March, and September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Grindrod dividend safe?
The safety of Grindrod's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Grindrod's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Grindrod's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Grindrod's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Grindrod's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.